1221 N GREENFIELD Road, Gilbert, AZ 85234

$1,030,000
Property Type: Comm/Industry Sale Square Footage: 7,000 Lot Size (sq. ft.): 48,613 Status: Closed
Current Price: $1,030,000 List Date: 9/10/2019 Last Modified: 12/17/2019

Description

Rare opportunity to purchase one of the most unique and beautiful wedding/event venues in highly desirable Gilbert AZ. 3600 sq ft single family home, 3400 sq ft highly upgraded barn/secondary building, situated on a 48,000 sq ft lot. Main house features 2 Master suites downstairs, 4 additional bedrooms upstairs plus a large usable attic/storage space. 2 story barn with guest suite, fully insulated, 4 AC units plus a suppression sprinkler system. Too many upgrades to list but some include: Updated wood look tile flooring, updated kitchen with granite counters and stainless steel appliances. Exterior bathrooms added for venues. 600 amp electrical service. 6 total AC units. Serene garden with lush landscape, mature trees, & synthetic grass. Asphalt parking 32 cars. Call for private viewing.

Supplements: This is a single family home however is currently operating as an event hall with a special use permit (please note "no alcohol permit"). The main house is currently being used as the dressing and prep rooms for bride and groom plus full service kitchen for meal prep, bedrooms upstairs as office space and storage. The barn is being used as an event hall with a small guest suite and storage space upstairs. This property has been significantly upgraded to accommodate the hosting of such large social and business gatherings including 32 onsite parking spaces as well as a written shared parking agreement with the church next door. This listing includes the sale of the real estate only, event hall is currently not booking any future venues past the end of November. Please contact listing broker for further details or questions if business is of interest. This is a unique property that could be used for a variety of purposes with excellent frontage on Greenfield and a great Gilbert location. It could easily be utilized as a primary residence with a large workshop/garage/guest house or even horse property. However there are some other great potential business opportunities such as the event hall, assisted living, day care, office space, air bnb and more. The barn has been installed with fire suppression sprinklers with an over sized capacity that could also accommodate the main structure. The grounds are absolutely gorgeous with a park like setting you don't feel like your in AZ. The former 3 car garage was converted to a two car garage to allow for the addition of two exterior and handicap accessible restrooms. The main house has two newer AC units and the barn has an additional 4 units for 6 in total. The main house has a 200 amp electrical panel and a 400 amp panel was added for the barn with 600 total amps of power. Both building have metal roofs.

More Information MLS# 5976625

Contract Info

Ownership: Fee Simple Current Price: $1,030,000 Sold Price: $1,030,000 Status: Closed List Date: 2019-08-30

Location, Tax & Legal

Assessor's Map #: 8 Legal Description (Abbrev): BEG SW COR NW4 E 330F N 660F W 330F S 660F TO POB EX N 480F & EX W 60F RD Assessor's Parcel #: 113 Add'l Parcels: No Tax Municipality: Gilbert Census Tract: 422620 Taxes: 6750 Legal: BEG SW COR NW4 E 330F N 660F W 330F S 660F TO POB EX N 480F & EX W 60F RD Map Code/Grid: S41 House Number: 1221 Compass: N Street Name: GREENFIELD St Suffix: Road City/Town Code: Gilbert State/Province: AZ Zip Code: 85234 Zip4: 2811 County Code: Maricopa Assessor Number: 304-08-113 Tax Year: 2019

General Property Description

Ttl Apx SqFt Bldg: 7000 # of Buildings: 2 Uncvrd Parking Spcs: 32 Year Built: 1985 Zoning: R-43

Legal Info

Range: 6E Section: 3 Township: 1S Lot Number: 1

Construction

Wood Frame: 1

Roofing

Metal: 1

Floors

Ceramic Tile: 1 Carpet: 1

Income & Expenses

Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1

Business Type

Service Business: 1

Stories

2 Stories: 1

Pmt & Rate Info

Down Payment: 0 Equity: 1070000 Total Owed: 0 Assessment Balance: 0

Lockbox Type

Supra: 1

Ceiling Height

12.1 Feet to 14 Feet: 1

Heating

Electric: 1

Cooling

Central Air: 1

Interior Features

Finished: 1 Fire Sprinklers: 1 Smoke Detector(s): 1 Security System: 1 Security Light(s): 1 Security Camera(s): 1 Alarm System: 1 Phone System: 1 Private Restrooms: 1 Public Restrooms: 1

Loading Facilities

None: 1

Exterior

Landscaping: 1

Source of Fincl Data

Owner: 1

Fencing

Block: 1 Wire: 1 See Remarks: 1

Water Source

City Franchise: 1

Building Features

Kitchen: 1

Sewer

Septic Tank: 1 Septic-In & Connected: 1

Parking Features

Paved: 1

Electric

SRP: 1

Gas

None: 1

New Financing

Cash Only: 1 Owner May Carry: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 1st Loan Type

Not Applicable: 1

Existing 1st Loan Terms

Not Applicable: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Greenfield and Guadalupe Directions: From Greenfield and Guadalupe, go north on Greenfield, property on the right Geo Lat: 33.372217 Geo Lon: -111.738637

Status Change Info

Off Market Date: 2019-09-17 Under Contract Date: 2019-09-16 Close of Escrow Date: 2019-12-16 Sold Price: $1,030,000

Property Features

Building Type: Commercial Business Type: Service Business Stories: 2 Stories Construction: Wood Frame Roofing: Metal Floors: Ceramic Tile; Carpet Ceiling Height: 12.1 Feet to 14 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms; Public Restrooms Exterior: Landscaping Fencing: Block; Wire; See Remarks Building Features: Kitchen Parking Features: Paved Electric: SRP Gas: None Water Source: City Franchise Sewer: Septic Tank; Septic-In & Connected New Financing: Cash Only; Owner May Carry Lockbox Type: Supra Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: None
Listing Office: RE/MAX Solutions
IDX
Last Updated: December - 17 - 2019
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